Why the price of Lisk dropped as against its purported surge yesterday
THE EVENT: Lisk Berlin Meetup -22nd November, 2017
After a long anticipated meetup to inform the public about what Lisk has been working on and also to announce a mainstream launch. The anticipation of many took a downward spiral trend as the announcements did not meet up to ‘our’(short term investors) expectations.
Our thoughts and expectations were to hear that the Lisk features are fully ready and would be going live in December 2017 rather the summary of the whole brief was that 70% of the deliveries were still work in progress.
You can watch the entire Berlin Meeting below.
At >timestamp-1:15:30- Our hopes were dashed by Max Kordek which warranted many short term investors going back to their investment scoresheet to re-adjust the listed Cryptos by priority.
Unlike Litecoin, IOTA and Cardano who are running pilots on many features, the Lisk team hasn’t really solidified their base as they are taking their time to come out a quality product that would stand the test of time.
At > timeStamp -1:17:38 - Max showed his Q4 2017 & Q1 2018 roadmap which was good(In all fairness)if they’d achieve it, though he was careful to note that nothing is predictable and delays are inevitable.(See Below)
At > timestamp -1:20:17 - Max talked about scalability feature and wasn’t certain when they can deliver it as he says it is a "very very rough schedule, it would take first 4 months of 2018" let’s just say 7months to be safe.(See Below)
Features like Custom token , sidechain and decentralized exchange would be activated but they need to add in some kind of standardization to curb bogus tokens on the platform. He also chipped in that they have discontinued Lisk Nano & Explorer(Timestamp-1:30:40) to combine both in Lisk Web App and Desktop App, not failing to make mention that to achieve this would take a long time.
The Full Development Roadmap to Lisk's emergence.
At timestamp - 1:32:30 - Relaunch Date: February 2018…You need to watch this part, you really do.
Max made some sincere comments that my writing wouldn't do justice to it.
At timestamp- 1:38:20 - If you are looking for a job, you are just in luck. Lisk is hiring Q&A, Front-End and Back-End Testers, 2 Front-end developer, 5 back-end developers and they need them by January 2018 so tell your friends.(See workload)
From what I can personally deduce both from speech and body language, they are sincere and willing to deliver something awesome. They're also not pleased that they didn't meet the widely expected launch date but in the long run this has the traits of great protocol that would give Ethereum a run for its money.
So for those willing to buy, I’d say buy now at a lower price and wait for minimum 7months to get your returns on investment.
But A quick look at their GitHub page shows that they’ve been working (Though not massively),taking the approach of slow and steady wins race.
With 6 active developers as major contributors churning out/committing 600thousand lines of codes from January 2017 till date, at least i can say that they've been busy since the ICO in 21st March 2016.
To compare team efforts by Lisk and Cardano [See Below], this would give you an insight to what is happening and then help you plan how to invest.
CARDANO GitHub Gragph -
Cardano's Team input averages above 200 over a one year period.
But both Cryptos are great projects and I'm still holding both.
The choice is yours...